Acquisitions Driven by Stock Overvaluation

Acquisitions Driven by Stock Overvaluation

Overvaluation might drive a firm to use its stock to acquire another firm whose stock is not as overpriced. Though hypothetically desirable, these acquisitions create little, if any, value for acquirer shareholders. Two factors impede value creation for acquirer stockholders from these transactions...

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Bibliographic Details
Main Author: LIN, Leming
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Agency Costs
CEO compensation
Mergers and Acquisitions
Overvaluation
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/etd_coll/4
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1003&context=etd_coll
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/etd_coll/4
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1003&context=etd_coll

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